US-China Tariff War Boosts India's Trade Role
US-China Tariff War Boosts India's Trade Role

US-China Tariff War Boosts India's Trade Role

News summary

The US has escalated tariffs on Chinese goods under President Trump, reaching rates as high as 245%, which has intensified the global trade war and prompted retaliatory steps from Beijing. India is capitalizing on the shifting trade landscape by accelerating its manufacturing sector, supported by $26 billion in government incentives and a more conciliatory trade stance toward the US. Major companies like Apple have moved production to India, highlighting the country's growing industrial capacity. India is also negotiating to remove import duties on US ethane and LPG as part of broader efforts to increase bilateral trade to $500 billion. Trump’s protectionist policies are pressuring other countries, such as Pakistan, to reform trade practices. Meanwhile, the US reported record-low illegal border crossings in March, attributed to stricter enforcement measures.

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